I've always found a mix of classic and contemporary reads really helps build a solid foundation and then deepen your understanding of the stock market. One of the fundamental books I often recommend is "The Intelligent Investor" by Benjamin Graham. It’s considered a classic in terms of understanding the principles of value investing and has stood the test of time for good reason. Warren Buffett famously calls it the best book on investing ever written, and while some parts are a bit dated given today’s fast-paced market changes, the core principles remain highly relevant.
For a more technical perspective, "Technical Analysis of the Financial Markets" by John Murphy is fantastic. It provides a comprehensive introduction to chart patterns and technical indicators which can be incredibly beneficial if you're interested in the more analytical side of trading. I learned a lot just by experimenting with the concepts while following historical data to see how the theories played out.
If you're looking into behavioral finance, "Thinking, Fast and Slow" by Daniel Kahneman can offer insights into the psychological influences on our decision-making processes. Understanding the cognitive biases that can affect your trading decisions is key in developing a strategy that aligns with your risk tolerance and investment goals.
Another more advanced read that changed my approach significantly is "A Random Walk Down Wall Street" by Burton Malkiel. It challenges some traditional strategies and promotes the benefits of a diversified portfolio, which is a critical concept as you advance in your investing journey.
Each of these books approaches investing from a slightly different angle, providing a well-rounded view as you blend fundamental, technical, and psychological aspects of trading and investing.
Which specific areas are you most interested in—technical analysis, understanding market psychology, or crafting longer-term investment strategies? This might help tailor the book list further to your needs.